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Cheng Shin Rubber increased capital in Indonesia factory

Cheng Shin

On 10 November, Cheng Shin Rubber Ind., Co., Ltd. announced that it is preparing to increase the capital of PT. Maxxis International Indonesia by US$30 million (about £25.53 million pounds; 29.01 million euros). Cheng Shin Rubber said that the capital increase meets the operation’s needs.

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Related news:

  1. Cheng Shin investing more in Indonesia project
  2. Maxxis/Cheng Shin investing $500 million in tyre factory construction and expansion
  3. Indonesia’s president-elect supports Maxxis tyre factory plans
  4. Chinese contingent view potential Thai rubber sources
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